The New 1099-K

I came across this infographic from the website, Outright.com earlier today and I thought it’s worth sharing with you guys. It’s about the new 1099-K where online sellers, including eBay, Etsy and Amazon and any others who have $20,000 or more in gross sales and 200 transactions or more will now be receiving a 1099-K form from their third-party payment networks like Paypal, showing gross sales reported to the IRS.